Looks like they are tossing the weaker members to the wolves in order to save themselves. Frankly the NYT lost all integrity decades ago and is just a shell of a once great publication.

So this Halifax Media Holdings (founded 2009) is a private investment group that will gut the papers of actual content and leave them to die slow deaths, right?

/The plutocrats have discovered that the best way to control the media is to buy it and strangle it.

HotIgneous Intruder: So this Halifax Media Holdings (founded 2009) is a private investment group that will gut the papers of actual content and leave them to die slow deaths, right?

/The plutocrats have discovered that the best way to control the media is to buy it and strangle it.

The dinosaur libs discovered that being less creditable than the National Inquirer is a good way to fail as a newspaper.

HotIgneous Intruder: So this Halifax Media Holdings (founded 2009) is a private investment group that will gut the papers of actual content and leave them to die slow deaths, right?

/The plutocrats have discovered that the best way to control the media is to buy it and strangle it.

Well, presumably they want to make a profit off the deal. Letting it die a slow death is not the way to make a return on your investment.

Profit is the last thing on the minds of any entity that purchases newspapers. There's something else going on here.

HotIgneous Intruder: Profit is the last thing on the minds of any entity that purchases newspapers. There's something else going on here.

Well, I'm unable to find anything on Halifax Media Holdings, so I guess you could possibly be right that some wealthy parties might buy newspapers to influence opinion, despite the fact that they'd be throwing their money away. Occam's razor suggests that investors are buying these newspapers because they think they can turn a profit on them.

Newspapers can make money and many of them do, just not at the high margins that aggressive investors like to see. Though the newspaper industry seems to be perpetually circling the drain, there is money to be made in sensible amounts, under sensible management (if that's not an oxymoron anymore).

But ownership always influences editorial content. This mystery holding company could be a front for some Saudi prince or Warren Buffet for all I know. Maybe some one-percenters who always wanted to own a passel of newspapers got together and did it. But newspapers are not the investment vehicles with which to make a ton of quick money.

HotIgneous Intruder: Newspapers can make money and many of them do, just not at the high margins that aggressive investors like to see. Though the newspaper industry seems to be perpetually circling the drain, there is money to be made in sensible amounts, under sensible management (if that's not an oxymoron anymore).

But ownership always influences editorial content. This mystery holding company could be a front for some Saudi prince or Warren Buffet for all I know. Maybe some one-percenters who always wanted to own a passel of newspapers got together and did it. But newspapers are not the investment vehicles with which to make a ton of quick money.

Ok. Good post and interesting points.

HotIgneous Intruder: So this Halifax Media Holdings (founded 2009) is a private investment group that will gut the papers of actual content and leave them to die slow deaths, right?

/The plutocrats have discovered that the best way to control the media is to buy it and strangle it.

You have been watching too many Hollywood political thrillers. Stop that.